15 Cities With The Biggest Seasonal Changes In Home Prices

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Editor’s Note: This story originally appeared on Construction site coverage.

The housing market of the past two years has been unusual in many ways.

With limited supply, intense demand and record price growth, the market has consistently defied expert expectations and typical trends. And one of the ways these aberrations have manifested themselves is seasonality.

Generally, the busiest part of the year is spring and summer. For most years of the past decade, monthly home sales peaked in June, July or August and fell through the rest of the year. With more buyers looking for homes during peak months, competition also helps drive up prices, and homes generally sell for more when the market is most active. But since 2020, the seasonality of the market has been disrupted.

While seasonal price growth has been more dramatic than usual over the past two years, home values ​​have held steady or continued to grow even during months when prices typically fall. And more recently, high prices and interest rates have started to cool the market, which has been unusual in a different way: median home sales prices have fallen slightly between May and June 2022, which does not has happened any year in the last decade.

To determine the locations with the greatest seasonal variations in home prices, Construction Coverage researchers calculated the percentage change in median sale price between the most expensive month and the cheapest month in each location, averaged over the five-year period between 2015 and 2019. In the event of a tie, the location with the largest percentage change in days on market was ranked higher. The data used in this analysis comes from Redfin.

Here are the US metropolitan areas with the biggest seasonal change in house prices.

15. Indianapolis-Carmel-Anderson, IN

Indianapolis
Rudy Balasko / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -18.2%
  • Total number of days on the market in seasonal variation (average 2015-2019): +231.7%
  • Month of highest median sale price (average 2015-2019): June
  • Lowest median sale price month (average 2015-2019): January
  • Median home sale price (current): $296,000

14. Columbus, Ohio

Columbus, Ohio
f11photo / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -18.3%
  • Total number of days on the market in seasonal variation (average 2015-2019): +62.9%
  • Month of highest median sale price (average 2015-2019): June
  • Lowest median sale price month (average 2015-2019): January
  • Median home sale price (current): $328,000

13. St. Louis, MO-IL

St. Louis, Missouri
KENNY TONG / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -18.5%
  • Total number of days on the market in seasonal variation (average 2015-2019): +75.6%
  • Month of highest median sale price (average 2015-2019): June
  • Lowest median sale price month (average 2015-2019): February
  • Median home sale price (current): $265,000

12. Rochester, New York

Fall leaves in Rochester, New York
NewSaetiew / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -18.6%
  • Total number of days on the market in seasonal variation (average 2015-2019): +179.4%
  • Month of highest median sale price (average 2015-2019): July
  • Lowest median sale price month (average 2015-2019): February
  • Median home sale price (current): $225,000

11. Memphis, TN-MS-AR

Memphis, TN
Sean Pavone / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -18.8%
  • Total number of days on the market in seasonal variation (average 2015-2019): +57.9%
  • Month of highest median sale price (average 2015-2019): June
  • Lowest median sale price month (average 2015-2019): January
  • Median home sale price (current): $301,250

10. San Jose-Sunnyvale-Santa Clara, CA

The San Jose skyline, which has a median rent lower than the median mortgage payment
stellamc / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -18.8%
  • Total number of days on the market in seasonal variation (average 2015-2019): +222.6%
  • Month of highest median sale price (average 2015-2019): April
  • Lowest median sale price month (average 2015-2019): January
  • Median home sale price (current): $1,500,000

9. Hartford-East Hartford-Middletown, CT

Hartford, Connecticut
Sean Pavone / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -19.3%
  • Total number of days on the market in seasonal variation (average 2015-2019): +62.2%
  • Month of highest median sale price (average 2015-2019): June
  • Lowest median sale price month (average 2015-2019): February
  • Median home sale price (current): $315,000

8. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD

Philadelphia, Pennsylvania at dusk
f11photo / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -19.3%
  • Total number of days on the market in seasonal variation (average 2015-2019): +99.5%
  • Month of highest median sale price (average 2015-2019): June
  • Lowest median sale price month (average 2015-2019): February
  • Median home sale price (current): $355,115

7. Buffalo-Cheektowaga, NY

Buffalo, New York
Atomazul / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -19.3%
  • Total number of days on the market in seasonal variation (average 2015-2019): +192.3%
  • Month of highest median sale price (average 2015-2019): August
  • Lowest median sale price month (average 2015-2019): February
  • Median home sale price (current): $240,000

6. Chicago-Naperville-Elgin, IL-IN-WI

Chicago, Ill.
f11photo / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -19.7%
  • Total number of days on the market in seasonal variation (average 2015-2019): +129.4%
  • Month of highest median sale price (average 2015-2019): June
  • Lowest median sale price month (average 2015-2019): February
  • Median home sale price (current): $338,910

5. Cincinnati, OH-KY-IN

cincinnati ohio
Bryan Busovicki / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -19.9%
  • Total number of days on the market in seasonal variation (average 2015-2019): +53.9%
  • Month of highest median sale price (average 2015-2019): June
  • Lowest median sale price month (average 2015-2019): February
  • Median home sale price (current): $275,000

4. Pittsburgh, Pennsylvania

Pittsburgh
esb-professional / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -21.4%
  • Total number of days on the market in seasonal variation (average 2015-2019): +71.9%
  • Month of highest median sale price (average 2015-2019): June
  • Lowest median sale price month (average 2015-2019): February
  • Median home sale price (current): $239,900

3. Milwaukee-Waukesha, WI

Milwaukee, Wis.
Rudy Balasko / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -22.3%
  • Total number of days on the market in seasonal variation (average 2015-2019): +67.7%
  • Month of highest median sale price (average 2015-2019): June
  • Lowest median sale price month (average 2015-2019): February
  • Median home sale price (current): $307,750

2. Cleveland-Elyria, OH

Cleveland, Ohio
Rudy Balasko / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -24.0%
  • Total number of days on the market in seasonal variation (average 2015-2019): +64.2%
  • Month of highest median sale price (average 2015-2019): June
  • Lowest median sale price month (average 2015-2019): February
  • Median home sale price (current): $224,950

1. Detroit-Warren-Dearborn, MI

Detroit
Jason Grindle / Shutterstock.com
  • Seasonal variation of the median sale price of houses (average 2015-2019): -24.0%
  • Total number of days on the market in seasonal variation (average 2015-2019): +206.6%
  • Month of highest median sale price (average 2015-2019): June
  • Lowest median sale price month (average 2015-2019): February
  • Median home sale price (current): $273,022

Methodology

Man analyzing data on laptop
fizkes / Shutterstock.com

The data used in this analysis comes from Redfin Data center. To determine where seasonal house price changes are greatest, Construction Coverage researchers calculated the seasonal change in median home selling price by taking a weighted average of the differences between the highest median selling month. and the lowest median selling month, from 2015. through 2019.

Locations with the largest seasonal changes were ranked higher, and in the event of a tie, the location with the most total days on market seasonal change (average 2015-2019) was ranked higher . To improve relevance, only metropolitan areas with a population of at least 100,000 were included, and those with insufficient housing sales data were omitted from the analysis.

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